Shree Cements has declared its results for the quarter ended March 2008 (Q4). The company's net sales were up at Rs 650 crore versus Rs 378 crore on YoY basis.
The company reported PAT at Rs 41 crore versus Rs 24.50 crore on YoY basis. The adjusted PAT stood at Rs 41 crore versus Rs 40 crore on YoY basis. Its OPM were at 39% versus 45.3% on YoY basis.
The company's FY08 EPS was at Rs 74.
The company is evaluating setting up of capacity in Madhya Pradesh. The company is also considering a manufacturing presence in foreign markets.
Q4 highlights
Sales up in line with expectations
OPM has come slightly lower, possibly on account of higher pet coke prices
Higher realizations mitigated by higher cost (energy and freight)
PAT way below estimates on account of higher depreciation (Depreciation as a % of PBDT is 76%)
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